Benchmark Maintains Buy Rating for Transphorm: Here's What You Need To Know

Benchmark has decided to maintain its Buy rating of Transphorm TGAN and raise its price target from $8.00 to $8.00.

Shares of Transphorm are trading up 0.0% over the last 24 hours, at $2.17 per share.

A move to $8.00 would account for a 268.66% increase from the current share price.

About Transphorm

Transphorm Inc is a semiconductor company. It designs and manufactures GaN semiconductors for high-voltage power conversion applications. It produces JEDEC and AEC-Q101-qualified GaN FETs. Its vertically integrated device business model allows for innovation at every development stage: design, fabrication, device, and application support.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.